Forex Trend Analysis Report
Prepared for you on Friday, September 22, 2017.
Euro/Kenyan Shilling (FOREX:EURKES)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for EURKES
The long term trend has been UP since Apr 24th, 2017 at 112.27
The intermediate term trend has been UP since Aug 28th, 2017 at 123.22
The short term trend has been DOWN since Sep 21st, 2017 at 122.79
Smart Scan Analysis for EURKES
Based on a pre-defined weighted trend formula for chart analysis, EURKES scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).